BancFirst Corp (NASDAQ: BANF) is a financial holding company headquartered in Oklahoma City, Oklahoma that conducts banking operations primarily through its wholly-owned subsidiary BancFirst, an Oklahoma state-chartered bank. It makes money through net interest income on loans and deposits, and fee-based services including trust, cash management, and correspondent banking. BancFirst serves small to medium-sized businesses and individual customers across Oklahoma, with additional operations through Pegasus Bank, a Texas state-chartered bank headquartered in Dallas. The company centralizes processing, operations support, bookkeeping, loan review, compliance, and internal auditing to manage costs and consistency across its branch network. Primary lending activity focuses on financing business and industry, including commercial mortgages, asset-based lending, energy, agricultural, real estate, and consumer loans. BancFirst also provides correspondent banking services, including item processing and research, to other financial institutions and governmental units.

Revenue model

Net interest income from commercial, real estate, energy, agricultural, and consumer lending, combined with fee income from depository services, trust services, cash management, funds transfer, safe deposit boxes, and correspondent banking services sold to financial institutions and governmental units.

Products and services

Commercial lending (commercial mortgages, asset-based lending), real estate lending, energy lending, agricultural lending, consumer lending, depository and funds transfer services, cash management services, trust services, collections, safe deposit boxes, item processing, correspondent banking services.

Customers and end markets

Small to medium-sized businesses in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture, and the energy industry. Also serves individual retail customers and, through correspondent banking, other financial institutions and governmental units.

Value-chain role

Community and regional bank holding company operating as a direct lender and deposit-taker, with centralized back-office functions supporting a multi-branch retail and commercial banking network.

Geographic exposure

Oklahoma (primary market via BancFirst, Oklahoma state-chartered bank headquartered in Oklahoma City) and Texas (via Pegasus Bank, state-chartered bank headquartered in Dallas).

Source: SEC 10-K, filed 2026-02-26

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